Big Law

Intuit Is Reportedly Considering a $10 Billion Acquisition of Mailchimp

TurboTax maker Intuit Inc. is reportedly in talks to purchase e-mail marketing service Mailchimp for north of $10 billion.

Sources familiar with the matter told Bloomberg that the talks are ongoing, adding that no decisions have been made and things could still fall through. Should it go through, however, it would be Intuit’s biggest deal to date.

Intuit, as you may know, also owns QuickBooks and has added both Credit Karma and the personal finance app Mint to its portfolio in recent years. Intuit paid just $170 million for Mint in 2009, but had to shell out $7.1 billion in cash and stock for Credit Karma last year.

Read the source article at TechSpot

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